Moody’s Ratings is narrating an outdated story of Bangladesh, not the updated one, said Bangladesh Bank Governor Ahsan H Mansur in a webinar yesterday.
The central bank governor was responding to a question about Moody’s recently downgrading its rating for Bangladesh.
Last month, Moody’s downgraded Bangladesh’s long-term ratings to B2 from B1 and said the outlook has been changed to “negative” from “stable”.
When the downgrade was announced, the depletion of forex reserves had been arrested, said Mansur at the webinar on the investment climate in Bangladesh.